MARKET OVERVIEW Market Info
The Pittsburgh MSA has a population of 2.3 million, making it the 27th largest metro area in the US and the 2nd largest city in Pennsylvania. Once viewed as an industrial giant in the production of steel, iron, aluminum and glass, the city has completed a major renaissance to become the country ’s “Most Liveable City” (Places Rated Almanac) and is now considered one of the most attractive cities in which to live and do business.
Many Fortune 1000 companies are now focusing on Pittsburgh; it is the nation’s center for nuclear engineering and has a balanced and diversified economy that centers itself on technology, worldrenowned healthcare and top universities. There has been a resurgence of some of the city’s major industrial corporations as well as growth of many small and midsized companies. Pittsburgh is organized around five major existing industries - environmental, technology, life scences, advanced materials and advanced manufacturing - along with several emerging industries such as cybersecurity, data storage, energy, entertainment technology, nanotechnology, robotics and supercomputing.
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